E-commerce companies have understood the importance of having their own in-house wallet, explaining their acquisition spree, says Manoranjan Mohapatra.
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
The Reserve Bank of India (RBI) kept its key policy repo rate unchanged at 8.0 percent on Tuesday, as widely expected, while expressing concerns about risks to its target to bring consumer inflation down to 6 percent by January 2016.
Over a third of Ambani's speech was focussed on RIL's plans.
These banks need to build a significant deposit base to start full-fledged banking.
The Reserve Bank left interest rate unchanged.
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2014 made a lot of promises; can the new year deliver?
To promote localisation of manufacturing and reduce its import bill, the government increased basic customs duty on mobile handsets - from 10 per cent to 15 per cent.
Under Sharma Axis Bank has also taken the lead in focusing on technology, which has now become core to almost every other lender's strategy.
Sources said the fresh batch of profiles include students whose date of joining has been delayed by Flipkart.
'Space out when raising funds; Sebi mulls securitisation platform'
NPCI has launched several consumer friendly systems including one that allows users to transfer money to people over mobile phones across India.
The bank will have around 501 branches.
With RBI likely to make credit costlier and banks to follow, some ideas on switching money to be able to do this.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
The need of the hour, as the Supreme Court readies to rule on the constitutionality of Aadhaar, is for the UIDAI to fix the bugs, says Geetanjali Krishna, in the second and final part of her series.
Just 5 departments account for about 88 per cent of the Union government's civilian employees. A leaner bureaucracy will help Modi keep his promise of maximum governance with minimum government, says A K Bhattacharya.
On the individual front, housing loan rebate on self-occupied property was increased from Rs 1,50,000 to Rs 2,00,000.
Tech giant says it's also targeting millions of small ventures and other potential users.
The banking sector is set to move at a fast pace from hereon.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
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The NPAs of banks stood at over Rs 3 lakh crore as on December 2014.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
Auto stocks led the rally with Tata Motors, Hero MotoCorp and Maruti Suzuki leading the gains.
This merger, Bhupesh Bhandari believes, will be watched keenly by management gurus the world over.
Taxi booking, shopping and transfer of money will be easy.
Dy Governor notes it's an era of job changes for better.
Things are expected to change dramatically in a few years for urban consumers.
While the acceptance of cards, mobile wallets and banking apps is increasing, only 10 per cent of transactions take place through them.
Rajan said expecting the government to provide all solutions wasn't right.
The RBI Governor had earlier cautioned the banks on the risks involved in just hunting for numbers, asking them not to compromise on core objectives of the programme.
City police, metros, airports, even power utilities are using pop culture and social media to reach the young and encourage public ownership of public services. Amritha Pillay reports.
Also says PSU banks divestment to be considered after improvement in governance
It has built confidence in the possibility of change; now reality has to catch up with the image and the expectation, says T N Ninan.
Capital adequacy and tighter regulation are just one step forward.
Banks stocks continued to trade weak along with FMCG major ITC.
The 90-day compliance window to declare overseas wealth ends on September 30.
Making an informed choice will help you save money and some hassles too.
Naveen Tewari loves cycling but over the past few years, he has been keeping his first love waiting.
It is unrealistic to expect that change will happen in one year: Birla
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